JetBlue Airways said Monday that it expects the cash burn to increase to about $8 million per day in the fourth quarter, citing recent booking trends and a delay in tax refunds, Reuters reported.
See also: JetBlue and Aruba partner for PCR testing.
“Booking trends remain volatile and the company continues to believe that demand and revenue recovery will be non-linear through the fourth quarter and beyond,” said the New York-based airline.
It expects the average daily cash burn in the fourth quarter to be between $6 million and $8 million, compared with the previous forecast of between $4 million and $6 million.
It also predicted a 70% drop in revenue, compared with its previous expectation of a drop of about 65%.
Related Topics
LOT Polish Airlines Launches Direct Flights Between Warsaw and Bangkok
Lufthansa Group Boosts Connectivity to Japan, Reaching Up to 50 Weekly Flights in Summer 2027
Thai Airways Cuts Flights and Faces Baggage Handling Collapse Following Severe Bangkok Flooding
Akasa Air in Talks With Boeing for Over 200 737 MAX Jets
Líder en noticias de aviación